PLN gets Finnvera backed loan facilities with StanChart

Standard Chartered Bank has signed two 12-year term loan facilities for 160 million euro (US$216.91 million) with PT Perusahaan Listrik Negara (Persero) (PLN), the national electricity company of Indonesia. These loans will be used to finance two PLN gas power plant projects, which include the procurement of 35 Wärtsilä 34SG gas fired generating sets in the Aceh special district of northern Sumatra and the Central Kalimantan region on the island of Borneo.